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David Taran

Real Estate Professional & Perpetual Optimist

About David

David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.

Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.


Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.

David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.

Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.

Meaningful, Mindful and Balanced

On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.

David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.

David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.

Connect with David

Recent Blog Posts from David:

Looking to Invest? Consider a Grant

Looking to Invest? Consider a Grant

Capital is a major component of real estate. Lots of people want to invest in real estate, but only a small percentage of those people have the money for it. Sometimes it seems like a person wants to invest and earn money but lacks the money necessary to make that...
Trends Shaping The Current Real Estate Market

Trends Shaping The Current Real Estate Market

2018 has been a surprising year in the world of real estate. Just as every period in real estate differs, 2018 has been no different. For this reason, real estate agents need to keep an eye on the market to pay attention to any new trends.

Real estate agents with their finger on the pulse of upcoming trends can prepare for changes in the industry before they happen. According to five members of the Forbes Real Estate Council, these following are the trends that have been seen so far this year

Advancements in Tech

New advancements in technology are certainly transforming the world of real estate. Alex Chieng holds that certain companies like Trulia, Zillow, and Redfin are just a few examples of businesses that are successfully incorporating the latest technological advancements to change the face of the industry.

The Popularity of Blockchain

Blockchain is changing the world and the real estate industry is no exception. As Garratt Hasenstab points out, certain blockchain-based apps are already changing how investors, sellers, and buyers interact with one another. Moreover, blockchain technology changes the types of properties investors have interests in. This new world of blockchain welcomes disintermediation, transparency, and unleashed liquidity.

The Return of Co-Ops

In the past few years, the real estate industry has seen a decrease in the number of investors putting money into co-ops. However, according to Elizabeth Ann Stribling, 2018 is seeing a return of the co-ops. Buyers are turning to co-ops as their prices are moderate in comparison to other properties like condos.

The Continued Rise in Home Prices

In the years between 2012 and 2015, the real estate market saw a rise in the price of homes. In today’s market, the price of homes is still rising. As Elliot Bogod points out, the growth in the average price of homes is between 5% and 10% each year in the past few decades.

More Millennials Buying and Renting Homes

The reality of millennials and the real estate market is that more of them are buying homes. According to Susan Tjarksen, this group of buyers makes of a significant number of the rental market for luxury homes.

The retail market is increasingly susceptible to trends. By paying attention to these five trends, real estate agents will be able to better prepare for new shifts in the industry.

Real Estate Investors Have Their Eyes on NYC

Real Estate Investors Have Their Eyes on NYC

A recent article detailed the almost stunning fall of New York City hotel prices, both at the retail and at the commercial level. The article discusses the nearly 50 percent drop in room prices that have been experienced since 2015 in a city that may be the most overbuilt in terms of hotel rooms of any in the U.S.

Oversupply Causing Price Drops

One of the most prominent examples of the kinds of price declines that have been seen throughout the New York hotel market is the Viceroy Hotel, a middle-of-the-road hotel at 157 West 57th Street. That hotel last sold for $143 million in 2013, a number that represented $620,000 per room. This year, the hotel sold for just $41 million or $170,000 per room, representing a huge decline in value of more than 70 percent. And this has occurred over the course of five years in a real estate market that has traditionally seen double-digit year-over-year appreciation.

Things Are Changing

But there are two main factors that point in the direction of a market bottom for New York’s hotel industry. The first is the fact that there has been a dramatic slowdown in new room construction. In 2007, there were about 73,000 hotel rooms in the city, a figure that represented a significantly under-built market. But by 2013, that number had exploded to more than 115,000, nearly doubling the city’s hospitality capacity.

Unsurprisingly, this led to a decline of nearly 50 percent in the average price of a hotel room throughout the city even as tourism and business travel soared throughout the region. But as demand has continued to increase year over year, it is likely that the market will once again need to begin adjusting the prices of hotel rooms upward.

Another main factor in the decline of both the average cost of rooms and the prices that commercial hotel properties command on the market has been the advent of Airbnb. The company counted New York City as its most thriving market as recently as a couple years ago. However, the city, where it is illegal to rent out any room for a term of fewer than 30 days without the proper hotel licensing, has begun cracking down on the appearance of bootleg hotels. It is anticipated that the hotel rooms that had been left vacant by Airbnb will once again be in demand soon.